Aug 27,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4320.70. Sensex Closes at 14919.19.
NIFTY closed above medium term sma yesterday. Though it looks positive, it may dip if it moves with the world market.
"Short term chart patterns look bullish, confirming a close above 4302.60". This is the quote from yesterday's post. As we mentioned NIFTY has closed above it. So, the short term bullish pattern worked well.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4268.70. If it is tested, NIFTY would test 4252 sure.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4555.
Lower band -> 4050.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Wednesday, August 29, 2007
Tuesday, August 28, 2007
Aug 27,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4302.60. Sensex Closes at 14842.38.
"NIFTY likely to test 4268.575 in short to medium term". This is the quote from previous post. As per our expectation NIFTY has tested the said level and even closed above it. Although NIFTY tested medium term sma intraday, it could not close above it yesterday. A close above medium term sma would make NIFTY bullish.
Short term chart patterns look bullish, confirming a close above 4302.60. However, it is to be watched, if it could take place immediately.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4167.20.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4570.
Lower band -> 4048.75.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4302.60. Sensex Closes at 14842.38.
"NIFTY likely to test 4268.575 in short to medium term". This is the quote from previous post. As per our expectation NIFTY has tested the said level and even closed above it. Although NIFTY tested medium term sma intraday, it could not close above it yesterday. A close above medium term sma would make NIFTY bullish.
Short term chart patterns look bullish, confirming a close above 4302.60. However, it is to be watched, if it could take place immediately.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4167.20.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4570.
Lower band -> 4048.75.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Thursday, August 23, 2007
Aug 23,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4153.15. Sensex Closes at 14248.66.
NIFTY finds good support near 200day sma. Every time it tests those levels, it bounces back with venom. Unless some worst turmoil takes place in world markets or some political crisis occurs in India, it will not be tested. Though NIFTY rallied very well yesterday, stay cautious.
NIFTY likely to test 4268.575 in short to medium term.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4680.
Lower band -> 4054.75.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4153.15. Sensex Closes at 14248.66.
NIFTY finds good support near 200day sma. Every time it tests those levels, it bounces back with venom. Unless some worst turmoil takes place in world markets or some political crisis occurs in India, it will not be tested. Though NIFTY rallied very well yesterday, stay cautious.
NIFTY likely to test 4268.575 in short to medium term.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4680.
Lower band -> 4054.75.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, August 22, 2007
Aug 22,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4074.90. Sensex Closes at 14427.55.
NIFTY is at a crucial point. Though it tested 200 day sma, it closed just above it. So, just wait and watch. As mentioned earlier there is a possibility for Nifty to test Friday low near 4000 levels. So, trade cautiously.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4704.
Lower band -> 4150.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4074.90. Sensex Closes at 14427.55.
NIFTY is at a crucial point. Though it tested 200 day sma, it closed just above it. So, just wait and watch. As mentioned earlier there is a possibility for Nifty to test Friday low near 4000 levels. So, trade cautiously.
IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4704.
Lower band -> 4150.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Tuesday, August 21, 2007
Aug 21,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4209.05. Sensex Closes at 14427.55.
NIFTY likely to move up in tune with the US and Asian markets. However trade cautiously with strict stop losses. Friday's fall has signalled another low below the friday's low of 4002, which need not happen immediately. Another plunge requires some negative trigger.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4093.75.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4701.
Lower band -> 4124.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4209.05. Sensex Closes at 14427.55.
NIFTY likely to move up in tune with the US and Asian markets. However trade cautiously with strict stop losses. Friday's fall has signalled another low below the friday's low of 4002, which need not happen immediately. Another plunge requires some negative trigger.
It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4093.75.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4701.
Lower band -> 4124.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, August 20, 2007
Aug 20,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4108.05.
Unless the political crisis affects the markets, NIFTY could move up along with the asian markets. It tested 200 day sma on friday and has founded support there. Nifty too has closed above crucial fibbonacci level near 4100.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4441.35 and 4626.15. support is near 3980.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4709.
Lower band -> 4150.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4108.05.
Unless the political crisis affects the markets, NIFTY could move up along with the asian markets. It tested 200 day sma on friday and has founded support there. Nifty too has closed above crucial fibbonacci level near 4100.
But buyers should stay cautious as the political musings might have some repercussions on NIFTY.
Sharp volatality in the market could be expected.Resistance stays at 4441.35 and 4626.15. support is near 3980.
An intraday high above 4534 is inevitable in medium term to long term.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4709.
Lower band -> 4150.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Friday, August 17, 2007
Aug 17,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4178.60. Sensex close 14358.20.
"NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Don't take long positions". This is the quote from last post. It has worked very well and the steep correction witnessed yesterday was expected.
4100 levels might act as next support levels. 200 day sma stays around 4065. It might act as another support.Expect the markets to correct downwards today also, as there is a sharp downfall in asian markets. Sharp depreciation of rupee might discourage hedge funds to book profits.
Sharp volatality in the market could be expected.
An intraday high above 4534 is inevitable in medium term to long term.
"Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market." A quote from previous post.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4687.
Lower band -> 4209.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4178.60. Sensex close 14358.20.
"NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Don't take long positions". This is the quote from last post. It has worked very well and the steep correction witnessed yesterday was expected.
4100 levels might act as next support levels. 200 day sma stays around 4065. It might act as another support.Expect the markets to correct downwards today also, as there is a sharp downfall in asian markets. Sharp depreciation of rupee might discourage hedge funds to book profits.
Sharp volatality in the market could be expected.
An intraday high above 4534 is inevitable in medium term to long term.
"Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market." A quote from previous post.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4687.
Lower band -> 4209.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, August 13, 2007
Aug 13,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4333.35.
NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Otherwise it might pullback little bit. Don't take long positions.
Sharp volatality in the market could be expected.
Immediate support stays at 4191. Immediate resistance stays at 4441.
"A low below recent low 4267.15 could be expected in medium term" - mentioned in previous post. It was tested the same day before a bounce back.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4673.
Lower band -> 4279.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4333.35.
NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Otherwise it might pullback little bit. Don't take long positions.
Sharp volatality in the market could be expected.
Immediate support stays at 4191. Immediate resistance stays at 4441.
"A low below recent low 4267.15 could be expected in medium term" - mentioned in previous post. It was tested the same day before a bounce back.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4673.
Lower band -> 4279.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Friday, August 10, 2007
Aug 10,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4403.20. Sensex close 15100.15.
As mentioned in last post the upsurge is short term. Market is going to witness a steep fall. In technical parlance having tested 50 day sma twice, would make NIFTY vulnerable and it would help it to correct deeply.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
Immediate support stays at 4337.
A low below recent low 4267.15 could be expected in medium term.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4669.
Lower band -> 4295.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4403.20. Sensex close 15100.15.
As mentioned in last post the upsurge is short term. Market is going to witness a steep fall. In technical parlance having tested 50 day sma twice, would make NIFTY vulnerable and it would help it to correct deeply.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
Immediate support stays at 4337.
A low below recent low 4267.15 could be expected in medium term.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4669.
Lower band -> 4295.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, August 08, 2007
Aug 8,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4356.35. Sensex close 14932.77.
Good news from U.S. FOMC might help markets to gain in short term. But how long will it survives is a question mark still.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
Immediate support stays at 4337.
An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable. Similarly, a low below recent low 4267.15 could be expected in medium term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4669.
Lower band -> 4287.50.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4356.35. Sensex close 14932.77.
Good news from U.S. FOMC might help markets to gain in short term. But how long will it survives is a question mark still.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
Immediate support stays at 4337.
An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable. Similarly, a low below recent low 4267.15 could be expected in medium term.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4669.
Lower band -> 4287.50.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Tuesday, August 07, 2007
Aug 7,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4339.50.
It has been consistently mentioned that an intraday low below 4305 is inevitable. It was tested yesterday. As a rule, we used to mention that 30-40 points below lower band would act as support levels. NIFTY exactly behaved the way it is being mentioned. The lower band mentioned yesterday was 4304.85. The level from which NIFTY had a bounce back was 4267.15. NIFTY closed below 50 day sma. It is not a good sign. If there is another one or two closings below it, then a huge correction could be expected.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4666.
Lower band -> 4296.70.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4339.50.
It has been consistently mentioned that an intraday low below 4305 is inevitable. It was tested yesterday. As a rule, we used to mention that 30-40 points below lower band would act as support levels. NIFTY exactly behaved the way it is being mentioned. The lower band mentioned yesterday was 4304.85. The level from which NIFTY had a bounce back was 4267.15. NIFTY closed below 50 day sma. It is not a good sign. If there is another one or two closings below it, then a huge correction could be expected.
Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.
An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4666.
Lower band -> 4296.70.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, August 06, 2007
Aug 6,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4401.55.
Chart patterns and technical patterns are not encouraging and indicate a decent correction in recent future. NIFTY has closed below medium term sma consistently for the past 3 days indicating weakness. Although NIFTY bounced back on Friday, it could not convincingly close above medium term sma. Already NIFTY tested the medium term term trendline 3 days back and stays below it. NIFTY might test the 50 day moving average again in the recent future and fall free from that levels.
Friday's rally has ensured an intraday high above 4436. But the time taken to test it is unpredictable. A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4662.
Lower band -> 4304.85.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4401.55.
Chart patterns and technical patterns are not encouraging and indicate a decent correction in recent future. NIFTY has closed below medium term sma consistently for the past 3 days indicating weakness. Although NIFTY bounced back on Friday, it could not convincingly close above medium term sma. Already NIFTY tested the medium term term trendline 3 days back and stays below it. NIFTY might test the 50 day moving average again in the recent future and fall free from that levels.
Friday's rally has ensured an intraday high above 4436. But the time taken to test it is unpredictable. A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.
If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4662.
Lower band -> 4304.85.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Friday, August 03, 2007
Aug 3,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4356.35.
NIFTY tested 50 day sma yesterday intraday and it stays indecisive. But failed to close below it. Short term bouncebacks could be expected. But it might not be realistic, as analysts predicts. In the medium term 50 day sma would be broken and a free fall from that levels could be witnessed.
A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.
NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4665.
Lower band -> 4297.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4356.35.
NIFTY tested 50 day sma yesterday intraday and it stays indecisive. But failed to close below it. Short term bouncebacks could be expected. But it might not be realistic, as analysts predicts. In the medium term 50 day sma would be broken and a free fall from that levels could be witnessed.
A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.
NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4665.
Lower band -> 4297.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Thursday, August 02, 2007
Aug 2,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4345.85.
It was mentioned in yesterday's post that NIFTY would test 4345 and 4302 in the medium term. 4345 was unexpectedly tested yesterday itself. 4302 is yet to be tested, which need not take place immediately. However, another low below 4340 and a high above 4534 are inevitable. The timeframe for them to take place is unpredictable.
NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4664.90.
Lower band -> 4297.63.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4345.85.
It was mentioned in yesterday's post that NIFTY would test 4345 and 4302 in the medium term. 4345 was unexpectedly tested yesterday itself. 4302 is yet to be tested, which need not take place immediately. However, another low below 4340 and a high above 4534 are inevitable. The timeframe for them to take place is unpredictable.
NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.
Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4664.90.
Lower band -> 4297.63.
In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, August 01, 2007
Aug 1,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4528.85.
NIFTY has got a trigger finally and moved upside, with just only one resistance at 4626.15. Yesterday's high would be tested sure. It looks like a bounce back. As mentioned in yesterday's post if it had closed below medium term sma, it could have been a turmoil.
NIFTY is sure to test 4345 and 4302 levels in the future(Medium Term).
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4663.
Lower band -> 4300.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4528.85.
NIFTY has got a trigger finally and moved upside, with just only one resistance at 4626.15. Yesterday's high would be tested sure. It looks like a bounce back. As mentioned in yesterday's post if it had closed below medium term sma, it could have been a turmoil.
NIFTY is sure to test 4345 and 4302 levels in the future(Medium Term).
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4663.
Lower band -> 4300.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.